Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

Today Katie Roof and I were joined by James Hardiman, a partner at Data Collective (DCVC). If you want to tell him how he did, he’s on Twitter here.

It was good to have Hardiman on board as there was an ocean of news to swim through. Indeed, we are in the middle of earnings season, companies can’t stop from buying one another and the IPO window is stuck wide open.

So we decided to just do everything. Here’s how it broke down.

Earnings

Facebook’s earnings had two purposes. First, the company showed the world that its run of financial feats is not at an end. The company beat on top and bottom lines and kept growing around the world. That second result is our second point: The company is not taking material slings and arrows — at least in terms of lost users — from its recent privacy scandals.

Staying on the social side of tech, Twitter’s earnings were strong as well. The company also beat on top and bottom lines, turning in GAAP profit and some modest user growth. For Twitter, which has spent much of its time as a public company in the public penalty box, has seen its share price more than double from lows.

Microsoft beat too, also managing to have all its operating groups beat as well.

It’s a lot of numbers. But now at least you know.

$1 trillion?

All the above sums to an interesting question regarding value. Those companies we just touched on (with the exception of Twitter) are in the running to be the company that first reaches an inflation-unadjusted market cap of $1 trillion.